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Ownership Breakdown

The following graphic sets forth the ownership breakdown of GOL as of April 30, 2018.

ON PN
Common Shares % Preferred Shares % Total %*
Fundo de Investimento em Participações Volluto 2,863,682,150 100.00% 130,953,776 49.13% 2,994,635,926 61.07%
Delta Airlines - - 32,926,020 12.35% 32,926,020 9.45%
Other 560 0.00% 101,683,308 38.15% 101,684,308 29.20%
Treasury Shares - - 995,591 0.37% 995,591 0.28%
Total 2,863,682,710 100.00% 266,559,135 100.00% 3,130,241,845 100.00%

*Considering the conversion standard: 1 preferred share = 35 common shares.